Why are More People Applying for Personal Loans?

Personal loan

Nidhi and Medha were sisters, looking to set up their own bakery products venture. Their research showed them they could either apply for a business loan or get a Personal Loan to finance their venture. While they would need to furnish their venture details to get a business loan, a Personal Loan needed no such process.   Medha was employed as a tax consultant in a brokerage firm. Her monthly earnings averaged close to Rs 85,000. This provided the sisters with a steady cash flow. While Medha would focus on the numbers, Nidhi was free to work on the core ...